If non cash rich billionaires have to sell stocks to pay taxes how do they stay in control of their companies?

Question

If non cash rich billionaires have to sell stocks to pay taxes how do they stay in control of their companies?

In: 14

Answer 1

The simple answer is they don’t sell stocks. The rich man’s game is to be cash poor and asset rich. That way, there are hardly any taxes to pay in the first place.